E-NATUS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
E-NATUS
Largest movements
- Receivables within one year +€49,596
up €49,596 (+82.2%), from €60,335 to €109,931
of which Trade receivables: +€47,070
- Tangible fixed assets +€11,990
up €11,990 (+34.6%), from €34,649 to €46,639
of which Other tangible fixed assets: +€13,693
- Receivables after one year -€9,682
down €9,682 (-17.0%), from €57,027 to €47,345
- Deferred charges and accrued income +€2,990
up €2,990 (+61.5%), from €4,862 to €7,852
- Reserves +€27,967
up €27,967 (+36.0%), from €77,694 to €105,661
of which Distributable reserves: +€27,797
- Debts after one year +€20,020
up €20,020 (+413%), from €4,848 to €24,868
- Current portion of long-term debt +€6,244
up €6,244 (+44.7%), from €13,982 to €20,225
- Gross operating margin +€57,180
up €57,180, from -€6,733 to €50,447
- Taxes +€11,897
up €11,897 (+598%), from €1,990 to €13,887
- Depreciation -€7,770
down €7,770 (-49.0%), from €15,844 to €8,074
- Financial income -€2,399
down €2,399 (-47.4%), from €5,065 to €2,667
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,501 | €215,745 | +€54,244 | +33.6% |
| Fixed assets | 21/28 | €34,649 | €46,639 | +€11,990 | +34.6% |
| Tangible fixed assets | 22/27 | €34,649 | €46,639 | +€11,990 | +34.6% |
| Plant, machinery and equipment | 23 | €2,199 | €1,633 | -€566 | -25.8% |
| Furniture and vehicles | 24 | €32,450 | €31,313 | -€1,137 | -3.5% |
| Other tangible fixed assets | 26 | - | €13,693 | +€13,693 | |
| Current assets | 29/58 | €126,852 | €169,106 | +€42,254 | +33.3% |
| Amounts receivable after more than one year | 29 | €57,027 | €47,345 | -€9,682 | -17.0% |
| Other amounts receivable | 291 | €57,027 | €47,345 | -€9,682 | -17.0% |
| Amounts receivable within one year | 40/41 | €60,335 | €109,931 | +€49,596 | +82.2% |
| Trade receivables | 40 | €31,898 | €78,968 | +€47,070 | +148% |
| Other amounts receivable | 41 | €28,437 | €30,964 | +€2,526 | +8.9% |
| Cash at bank and in hand | 54/58 | €4,628 | €3,978 | -€650 | -14.0% |
| Deferred charges and accrued income | 490/1 | €4,862 | €7,852 | +€2,990 | +61.5% |
| Total equity and liabilities | 10/49 | €161,501 | €215,745 | +€54,244 | +33.6% |
| Equity | 10/15 | €122,809 | €150,776 | +€27,967 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,694 | €105,661 | +€27,967 | +36.0% |
| Tax-exempt reserves | 132 | €511 | €681 | +€170 | +33.3% |
| Distributable reserves | 133 | €77,183 | €104,981 | +€27,797 | +36.0% |
| Profit (loss) carried forward | 14 | €26,515 | €26,515 | = | 0.0% |
| Amounts payable | 17/49 | €38,692 | €64,969 | +€26,277 | +67.9% |
| Amounts payable after more than one year | 17 | €4,848 | €24,868 | +€20,020 | +413% |
| Financial debts | 170/4 | €4,848 | €24,868 | +€20,020 | +413% |
| Amounts payable within one year | 42/48 | €33,845 | €40,101 | +€6,257 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €13,982 | €20,225 | +€6,244 | +44.7% |
| Trade debts | 44 | €13,507 | €15,510 | +€2,003 | +14.8% |
| Suppliers | 440/4 | €13,507 | €15,510 | +€2,003 | +14.8% |
| Taxes, remuneration and social security | 45 | €6,356 | €4,366 | -€1,990 | -31.3% |
| Taxes | 450/3 | €6,072 | €4,230 | -€1,842 | -30.3% |
| Remuneration and social security | 454/9 | €284 | €136 | -€148 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,844 | €8,074 | -€7,770 | -49.0% |
| Other operating charges | 640/8 | €922 | €1,251 | +€329 | +35.7% |
| Gross operating margin | 9900 | -€6,733 | €50,447 | +€57,180 | |
| Operating profit (loss) | 9901 | -€23,499 | €41,122 | +€64,620 | |
| Financial income | 75/76B | €5,065 | €2,667 | -€2,399 | -47.4% |
| Recurring financial income | 75 | €5,065 | €2,667 | -€2,399 | -47.4% |
| Financial charges | 65/66B | €1,449 | €1,935 | +€485 | +33.5% |
| Recurring financial charges | 65 | €1,449 | €1,935 | +€485 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€19,883 | €41,854 | +€61,736 | |
| Income taxes | 67/77 | €1,990 | €13,887 | +€11,897 | +598% |
| Profit (loss) for the period | 9904 | -€21,872 | €27,967 | +€49,839 | |
| Transfer to tax-exempt reserves | 689 | €170 | €170 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,042 | €27,797 | +€49,839 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.